Kiichiro Toyoda founded the company in 1937 by spinning off the automotive division of his father's company, Toyota Industries. Now headquartered in Toyota City, Japan, the company also operates five major assembly plants in the US. The Toyota Camry is currently the best-selling car in the United States and the Toyota Prius is the best-selling hybrid.

Toyota is recalling 625,000 Prius models worldwide for faulty hybrid ECU software. The issue affects 109,000 units of the 2012-2014 Prius V in the US. In some cases, it can cause the vehicles to stop functioning while driving.